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Panama Papers Series

Panama Papers' dodgy middlemen are nothing new, as our own tax scandals show

Apr 06, 2016 05:31 am UTC| Insights & Views Law

The unprecedented leak of millions of documents, known as the Panama Papers, from tax haven law firm Mossack Fonseca prompted me to pick up an old book on my shelf. Written in 1969, Adventures in Tax Avoidance: with 120...

The leakers of Panama

Apr 06, 2016 01:17 am UTC| Insights & Views Law

Last weeks shenanigans from Donald Trump reminded us of a particularly florid episode of House Of Cards. This week, with the leak of 11.5 million documents suggesting elite tax avoidance and evasion on an heroic scale,...

Justice is still not being done in the exploitation of indigenous products

Apr 05, 2016 14:04 pm UTC| Insights & Views Law

There has been a sea change in the biodiversity business. International and national laws now oblige companies and researchers to do the right thing. Indigenous people and local communities must be included as...

Escaping the poverty trap requires more than a cash lump sum

Apr 05, 2016 14:01 pm UTC| Insights & Views Law

In a recent TV series, three families were given 26,000 the maximum amount a person is entitled to receive in benefits in a year as a lump sum in exchange for giving up welfare. The experiment on Channel 5s The Great...

Panama Papers Series

What are 'tax havens'?

Apr 05, 2016 13:08 pm UTC| Insights & Views Law

The Panama Papers leak sheds some light on the intricate ways in which the wealthy can exploit secretive offshore tax regimes. As well as charging minimal or no tax to residents and non-residents, the main characteristics...

Panama Papers Series

Panama Papers: information sharing could bust open secretive companies in tax havens

Apr 05, 2016 04:09 am UTC| Insights & Views Law

The essence of the problem highlighted in the major leak from the Panamanian law firm Mossack Fonseca is that the governments of tax havens still allow intermediary firms to establish shell companies or trusts and dont...

Climate Change Series

Airline emissions and the case for a carbon tax on flight tickets

Apr 05, 2016 04:04 am UTC| Insights & Views Law Nature

After years of delay, the international aviation industry is inching its way towards bringing its greenhouse emissions under some form of regulation. Last month the United Nations International Civil Aviation Organisation...

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Economy

UK Stocks Slide as Labour Leadership Tensions and U.S.-China Talks Shape Markets

British stocks closed lower on Friday as political uncertainty surrounding the U.K.s ruling Labour Party pressured investor sentiment and weakened the pound for a fourth straight session. The FTSE 100 dropped 0.61%, while...

Cuba Weighs $100M U.S. Aid Offer Amid Fuel Crisis

Cuba said Thursday it is open to considering a $100 million humanitarian aid proposal from the United States, though officials remain doubtful about President Donald Trumps broader intentions as the island struggles...

Asian Currencies Slide as Strong U.S. Data Boosts Dollar and Fed Rate Hike Expectations

Asian currencies weakened on Friday as stronger-than-expected U.S. economic data pushed the dollar higher and reinforced market expectations that the Federal Reserve could maintain a hawkish monetary policy stance through...

Japan Inflation Outlook: Firms Eye Summer Price Hikes Amid Rising Energy Costs

Japan could experience another wave of widespread price increases this summer as companies respond to surging energy costs linked to tensions in the Middle East, according to a Bank of Japan (BOJ) report released Friday....

US Expects China to Boost Purchases of American Farm Products After Trump-Xi Summit

The United States expects China to commit to purchasing double-digit billions worth of U.S. agricultural products following a high-level summit between President Donald Trump and Chinese President Xi Jinping in Beijing,...

Politics

Ukraine Begins Major POW Swap as 205 Soldiers Return from Russian Captivity

Ukraine has successfully brought home 205 service personnel from Russian captivity in the first phase of a large-scale prisoner exchange with Russia, President Volodymyr Zelenskiy confirmed on Friday. The operation marks a...

Matthew Wale Elected Solomon Islands Prime Minister After No-Confidence Vote

Matthew Wale has been elected as the new Prime Minister of the Solomon Islands after lawmakers voted out former leader Jeremiah Manele in a no-confidence motion last week. The Solomon Islands parliament selected Wale on...

Rubio Urges China to Release Jimmy Lai and Political Prisoners

U.S. Secretary of State Marco Rubio said the United States is seeking a positive response from China regarding repeated appeals for the release of jailed Hong Kong media tycoon Jimmy Lai and other political detainees....

US Hosts Israel-Lebanon Talks as Ceasefire Deadline Nears

The United States described the latest Israel-Lebanon talks in Washington as productive and positive as diplomats pushed to prevent renewed escalation ahead of a fragile ceasefire deadline. U.S. officials confirmed that...

Pentagon Halts Planned U.S. Troop Deployment to Poland Amid Europe Force Review

The Pentagon has reportedly canceled plans to temporarily deploy 4,000 U.S.-based troops to Poland, according to two U.S. officials, raising fresh concerns over the future of American military presence in Europe under...

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Applied Materials Forecasts Strong Q3 Revenue as AI Chip Demand Accelerates

Applied Materials posted record fiscal second-quarter revenue on Thursday and issued a stronger-than-expected forecast for the third quarter, fueled by rising global investment in artificial intelligence infrastructure and...

Anthropic Nears $30 Billion Funding Round at $900 Billion Valuation

AI startup Anthropic is reportedly close to securing a massive $30 billion fundraising deal that would value the company at approximately $900 billion, according to a Financial Times report published Friday. The new...

Nvidia’s China AI Chip Sales Remain Frozen Despite U.S. Approval

Nvidias efforts to expand AI chip sales in China remain stalled even after the U.S. approved several Chinese technology giants to purchase the companys H200 processors. Although around 10 Chinese firms, including Alibaba,...

Alibaba Stock Surges After Strong Q4 Earnings Boosted by AI and Cloud Growth

Alibaba Group Holding Ltd. (HK:9988) saw its Hong Kong-listed shares jump sharply on Thursday after the Chinese e-commerce and technology giant reported better-than-expected quarterly earnings driven by strong momentum in...

SoftBank Shares Slide Despite Record Q4 Profit Fueled by OpenAI Investment

SoftBank Group Corp. (TYO:9984) shares dropped sharply on Thursday despite the company reporting blockbuster fourth-quarter earnings, as investors grew increasingly concerned about the Japanese tech giants expanding...
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